BTCUSDT: Rapid price drop!
Updated
Hello dear friends!
BTCUSDT continues its downtrend today and there are no signs of a reversal yet, as it has broken the support level at $41,200.
As a result, BTCUSD has not been able to find a strong support area to bounce back. The current resistance level is limiting any recovery momentum, around the $42,000 mark.
On the other hand, the support area is quite far, near $39,500, and potentially even lower at around $38,000.
BTCUSDT continues its downtrend today and there are no signs of a reversal yet, as it has broken the support level at $41,200.
As a result, BTCUSD has not been able to find a strong support area to bounce back. The current resistance level is limiting any recovery momentum, around the $42,000 mark.
On the other hand, the support area is quite far, near $39,500, and potentially even lower at around $38,000.
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